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Built-Out Restaurant Business
New
For Sale
$90,000

2948 N 5TH STREET Unit 1ST FL, Philadelphia, PA 19133

An existing food-service setup includes kitchen infrastructure and equipment for continued restaurant operations.

Property SizeContact for details
Days on Market5

Property Features for 2948 N 5TH STREET Unit 1ST FL

General Information

Standard status Active
Property subtype MixedUse

Site & Location

Neighborhood Fairhill

Taxes and HOA fees

Annual Taxes $1,429

Building Details

Year Built 1920
Listing Agency: Genesis Real Estate Services
Listed By: Maria I Falu-Rodriguez · License #RM422414
Source: Mainlinekw
Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 12:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Genesis Real Estate Services

Rey
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Investment Insights

Based on property information with market context.

The sale is for a restaurant business only; the real estate is not included. The approximately 1,200-square-foot operation occupies the first floor and has 10-foot ceilings, kitchen equipment, and an existing build-out with HVAC, electrical, plumbing, flooring, and lighting. The layout is suited to dine-in, takeout, and delivery service.

The premises are on North 5th Street in Philadelphia. The lease is described as having a 10-year term with two additional five-year renewal options, subject to verification and applicable conditions. Current rent is omitted from this summary.

Key Highlights

  • Approximately 1,200 square feet with 10‑foot ceilings
  • Existing kitchen installation and equipment
  • Build‑out includes HVAC, electrical, plumbing, flooring, and lighting

Property Analytics

Current Use

Sovan Professional Nails Nail Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Electrical Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,353
Businesses Nearby
183k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 50% Shops & Services 37% Groceries 9% Apparel 2%
McDonald's Dining
28,372 visits/mo 0.5 miles
Wendy's Dining
15,283 visits/mo 0.5 miles
Lukoil Shops & Services
12,432 visits/mo 0.4 miles
Speedway Shops & Services
12,422 visits/mo 0.3 miles
Checkers Dining
12,268 visits/mo 0.4 miles

Demographics for 19133, PA

24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019
8.2% 2020
7.8% 2021
6.6% 2022
6.2% 2023
5.5% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - An existing food-service setup includes kitchen infrastructure and equipment for continued restaurant operations.
Where is this conventional restaurant located?
The property is located at 2948 N 5TH STREET Unit 1ST FL Philadelphia, PA.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Approximately 1,200 square feet with 10‑foot ceilings; Existing kitchen installation and equipment; Build‑out includes HVAC, electrical, plumbing, flooring, and lighting
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